Reuters Survey: Japan companies not in favour of further negative rates

The latest Japanese Corporate Survey conducted by Reuters raises doubts over BOJ’s negative interest rates policy.

Key findings:

78% said they were not in favour of further negative rates

"Monetary policy has reached its limit," wrote a manager at a chemicals company. "Easing policy further would only reduce trust in Japanese government debt."

510 big and mid-size firms polled, although not all responded